FILE PHOTO – A worker checks steel coils and steel sheets at a distribution warehouse in Urayasu, east of Tokyo April 19, 2012. REUTERS/Toru Hanai/File Photo
June 19, 2018
TOKYO (Reuters) – The head of Japan’s steel industry group said on Tuesday he was worried that an escalating trade spat between the United States and China would lead to a collapse of order in global trade “at its core”.
Rising trade tensions between the two countries were a matter of “great concern”, Japan Iron and Steel Federation Chairman Koji Kakigi told a news conference.
U.S. President Donald Trump threatened on Monday to impose a 10 percent tariff on $200 billion of Chinese goods, escalating a tit-for-tat trade war with Beijing.
(Reporting by Yuka Obayashi; Editing by Chang-Ran Kim)
